With the clocks turning back and temperatures dipping, there has been a noticeable cooling in the air recently – and not just outdoors. The October real estate market in Toronto saw fewer sales, lower prices, and more listings, reinforcing what many have felt recently: we have officially found ourselves in a buyer-favoured environment.
This comes alongside broader economic shifts – including another Bank of Canada rate cut at the end of October – and the first federal budget since the last election, which introduced major long-term economic positioning, but offered little immediate relief for homebuyers. Sentiment remains cautious as Canadians work to understand how (or whether) these shifts will impact them personally.
Layered on top of all this is a softening in consumer confidence as many are unsure what the next 12 months will look like given the current geopolitical tensions, macroeconomic conditions, and how these forces ultimately trickle down into personal financial decisions.
The Policy Picture vs. Real Impact
While last week’s federal budget did allocate meaningful dollars toward housing supports – including $25B over five years for rental protection, supportive housing and Indigenous housing – it offered very little in terms of direct incentives for traditional homebuyers or move-up sellers in Toronto. The measures announced won’t materially shift affordability in the immediate term for most, which means pricing and strategy remain the real drivers of successful outcomes today – not waiting for policy to change the math.
Here’s the grounding truth most industry watchers now agree on: we are close to, if not at, the bottom of this price cycle. Market outlooks point to a similar start to next year before a gradual return to moderate price growth in 2026.
How Today’s Conditions Translate to Real Advantage
For buyers: more choice, more negotiating room, lower borrowing costs – and increased purchasing power relative to recent years.
For sellers: those who price intelligently and in alignment with current conditions can still achieve strong outcomes – especially when purchasing in the same market.
As we have said before, life doesn’t pause because the market is adjusting – people still change jobs, welcome babies, downsize, separate, invest, and begin new chapters. Success in a shifting market comes down to clarity, strategy, and the ability to read conditions accurately – not chase yesterday’s expectations.
We’ve navigated many cycles in Toronto real estate, and while every market is different, the constants remain: thoughtful strategy, pricing discipline, and smart negotiation matter most. This moment is no exception.
If you’re considering a move – or simply want help understanding how this budget, rate environment, and price cycle impact your personal strategy – we’re here to help.
Warmly,
Central Toronto Market Spotlight
Central Toronto saw softer conditions in October, with detached homes experiencing a substantial year-over-year price adjustment (-13%). Condos also posted lower average sale prices and slightly longer days on market, while semis remained relatively steady with only marginal movement. Overall, the area is seeing price moderation paired with more measured decision-making from buyers – making accurate pricing and positioning increasingly important for sellers.
West Toronto Market Spotlight
West Toronto was more varied. Detached homes posted a slight year-over-year price increase despite fewer sales, signalling continued demand for well-positioned opportunities. Semi-detached and condos, however, trended lower in both price and sales volume, and active listings climbed meaningfully – giving buyers more choice. In this part of the city, performance is highly property-specific, and the strength of the result comes down to pricing precision and how each listing stands up against direct competition.
210 Poplar Plains Road
A Rare South Hill Modern with a California Soul
Tucked into one of Toronto’s most historic enclaves, this 6,500+-square-foot contemporary home stands out for all the right reasons. Airy, light-filled, and coolly sophisticated, it brings a distinctly California-inspired sensibility to South Hill – blending clean lines with warmth, ease, and liveable luxury. The double-height foyer sets the tone with travertine underfoot, while floor-to-ceiling windows and multiple terraces create seamless indoor-outdoor flow across every level. The boutique hotel-style primary suite features a two-way fireplace, spa-worthy ensuite, and a private terrace. Below, the lower level surprises with a full media lounge, gym, playroom, and rough-ins for a sauna or wine cellar. And as a final twist – the detached garage has been transformed into a climate-controlled sports court for year-round play. A modern original in one of Toronto’s most storied neighbourhoods – where design, convenience, and family living intersect.
Beds / Baths: 5 beds, 6 baths
Price: $5,895,000
Reach out today for more information or to schedule your own private tour.
The Lobby introduces artist Giorgio Cecatto
November 13th 6:30 PM – 8:30 PM
Giorgio Cecatto, an Italian architect turned Toronto-based artist, fuses Minimalism with modern tech. Initially known for his sculptural concrete designs, he’s now mastering the pen plotter, transforming his geometric passion into intricate line art on raw canvas.
Join us for The Opening Night of artist Giorgio Cecatto: Structures – November 13th 6:30pm – 8:30pm at The Lobby.
RSVP
_2.jpg)
Celebrate the Season at Our Holiday Shopping Experience Hosted at The Lobby
November 19th | 2:00 PM – 7:00 PM
Enjoy an afternoon of festive holiday shopping where every gift tells a story. This one-day event features a collection of beautifully crafted and personalizable items from local creative makers JUDE and Coolican & Company, alongside thoughtful pieces from The Lobby. Whether you're searching for something meaningful for a loved one – or something special for yourself – this is your opportunity to add a personalized touch.
What to expect:
● Personalize your gifts on-site with our team of artisans
● Sip while you shop, enjoy a curated collection of wines courtesy of Halpern Wine
● Complimentary gift wrapping on-site
Designed to celebrate community, support local makers, and make your seasonal shopping just a little more joyful – we look forward to seeing you there!
The Heaps Estrin Holiday Gift Drive | November 7 - 28th
We’re so excited to share that we’re partnering once again with Joy in a Box and The Shoebox Project this holiday season. From November 7 - 28 we’ll be accepting donations to the charity of your choice (or both!) at our 1391 Bayview Avenue office. Contact us directly to learn more about what both organizations are accepting. Small acts of generosity can make a big impact – let’s give back, together.
Join us at our open house / gift packing event on Saturday, November 29 (details to follow)!
Learn More
Holiday Skating Party at Rosedale Park | December 6 | 1:00 PM – 2:30 PM
It’s time to sharpen those skates. We’re delighted to be returning to Rosedale Park as sponsor of the North Rosedale Residents’ Association’s annual Holiday Skating Party. Join us on December 6 from 1:00–2:30pm for hot drinks, seasonal treats, and a chance to meet some of our team. Rumour has it there may even be a very special guest joining us…
Bundle up and come celebrate the season with your neighbours.
